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Jan 14, 2013
01/13
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on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at 250 and we ended up being at 400, but the fact of the matter is, millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure the middle class
on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at...
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Oct 8, 2013
10/13
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WBAL
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what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury department saying it could be casts caststrophic. those low interest rates are used to guard, same problem for anybody looking to refinance a house. the mortgage rate could skyrocket. >> i have people scrambling to get things in before rates go up any higher. >> reporter: the white house appears to be leaving the door open for at least a temporary solution refusing to rule out a short-term extension, even a matter of weeks, maybe six or eight weeks. if house republicans agree to reopen the government and increase the debt ceil
what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury...
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Jan 17, 2013
01/13
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CSPAN2
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eye 85
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ceiling -- the raising of the debt ceiling and sequestration. this is just getting underway. [applause] >> well, good morning. thank you, raymond. and thanks to all of you for making it through the snow drifts. glad you all arrived safely. one flake of snow, and washington closes down. well, we're very excited about the new year. our partnership with the chamber and this morning's program featuring senators kent conrad and judd gregg. before we start our program, i'd like to recognize our sponsors, bdo represented by david trimner. if bdo could, please, stand and be recognized. [applause] all right. the broadmoor remitted by hover -- represented by lori meacham. lori, if you could -- [applause] and ceo update whose editor-in-chief is recovering from a bad case of the flu, so she is not here. bdo is the leader in accounting and consultancy services for associations, the broadmoor is the number one resort property for associations looking for a five-star meeting experience. i've got great memories, i remember my first experience bringing my 4-year
ceiling -- the raising of the debt ceiling and sequestration. this is just getting underway. [applause] >> well, good morning. thank you, raymond. and thanks to all of you for making it through the snow drifts. glad you all arrived safely. one flake of snow, and washington closes down. well, we're very excited about the new year. our partnership with the chamber and this morning's program featuring senators kent conrad and judd gregg. before we start our program, i'd like to recognize our...
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Oct 8, 2013
10/13
by
WBAL
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even if we don't reach the debt ceiling there would still be that money to pay it but the question is what other bills do you pay? is that what has the economic consequence. >> exactly. the government can't pay every deal without getting more debt. >> what do you think you should do if you're a regular citizen sitting at home watching this unfold in washington? are you in the stock market or bond market or out of it. >> we're a rich country. if you try to get out now and get back in, i think you'll fail. this is not a crisis involving our country being bankrupt. we have the money to pay. it's just political. >> always good to get your perspective. here's matt. >>> new details on how the government shutdown is effecting military families. nbc's andrea mitchell is here with a closer look at that. good morning. >> reporter: good morning, matt. of all the outrage in washington over the government shutdown, this one really hits home. the families of five u.s. troops killed over the weekend in afghanistan got a second call from the government. the government cannot pay their death benefits.
even if we don't reach the debt ceiling there would still be that money to pay it but the question is what other bills do you pay? is that what has the economic consequence. >> exactly. the government can't pay every deal without getting more debt. >> what do you think you should do if you're a regular citizen sitting at home watching this unfold in washington? are you in the stock market or bond market or out of it. >> we're a rich country. if you try to get out now and get...
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what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury department saying it could be casts caststrophic. those low interest rates are used to guard, same problem for anybody looking to refinance a house. the mortgage rate could skyrocket. >> i have people scrambling to get things in before rates go up any higher. >> reporter: the white house appears to be leaving the door open for at least a temporary solution refusing to rule out a short-term extension, even a matter of weeks, maybe six or eight weeks. if house republicans agree to reopen the government and increase the debt ceil
what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury...
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438
Oct 8, 2013
10/13
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KNTV
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eye 438
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that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk. >> reporter: next up, that october 17th deadline with concern that congress won't raise the debt ceiling by then. what is it? it's the equivalent of the credit card limit, when nay run out of money and can't borrow another dime. it's nearly $16.7 trillion dollars, trillion, with a t. it's estimated to hit it on the 17th. then if the congress doesn't green light the borrowing of more, the u.s. could default. bad news for social security recipients, medicare providers and members of the military, all scheduled to get the payments november 1st.
that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk....
890
890
Oct 10, 2013
10/13
by
KNTV
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eye 890
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barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president obama warned of economic turmoil if the u.s. doesn't cover its debts. >> the financial markets can't even imagine that we would get to a point when we wouldn't be paying our bills. >> reporter: still, a group of hard core republicans who summed up the debt limit deniers said the president is exaggerating the impact. >> i'm not advocating we go through the debt ceiling deadline. but what am i saying is if you go through it, you will not default. >> the debt ceiling does not equal default. >> reporter: most federal budget experts call that talk, dangerous. >> this is the equivalent of saying, you know, let's pu
barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president...
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Oct 16, 2013
10/13
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good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're at. if they don't get that debt ceiling raised, they won't be able to go out and make that short-term borrowing to cover those bills on that day. >> think of our bank account. if you put your atm card in, you can't withdraw money if you don't have money in the account. >> beginning of the, month the mortgage is due, the car, the groceries and your kid needs something for school. >> brian, what happens tomorrow? say there is no deal. we hope there is, but maybe there won't be. is it the end of the world tomorrow? is it in a week? is it november 1st as some have said? >>
good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're...
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114
Sep 24, 2013
09/13
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CSPAN
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eye 114
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that in the event the debt ceiling is not raised, we will always pay our debt first. i suspect every member of this body has spoken publicly about the calamity that would come from the default on the debt. it's quite revealing that the majority leader explicitly reference and objected to by name taking a default off of the table. i think that's unfortunate. there's a tendency in this town towards brinksmanship. pointing to events that can use uncertainty and using them to get your way. i wish the majority leader would had been willing to step forward and say i agree number one, the government should be funded. we should not have a government shutdown. and number two, we should never ever ever even discuss a default on the debt. had the majority leader simply said, "i consent" a default on the debt would have been taken permanently off of the table. why didn't he? we all know why he did not. the majority leader embraces obama care. i'm going to suggest to you, mr. president, that this body a little over three years ago passed obama care. it passed it on a straight part
that in the event the debt ceiling is not raised, we will always pay our debt first. i suspect every member of this body has spoken publicly about the calamity that would come from the default on the debt. it's quite revealing that the majority leader explicitly reference and objected to by name taking a default off of the table. i think that's unfortunate. there's a tendency in this town towards brinksmanship. pointing to events that can use uncertainty and using them to get your way. i wish...
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1.1K
Jan 9, 2013
01/13
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you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this debate? >> i don't offer my advice to the president in that way. what i've dealt with the president on is hurricane sandy and that's what the nature of our relationship is. he is not calling me matt at 11:00 at night and saying, hey, chris, what are you thinking about this? that's not how the relationship works. the fact is, i'll continue to speak out publicly about the things that i think are important, and anybody in washington, d.c. who wants to come to new jersey and see om of the stuff we're doing, how i'm working with the democratic legislature to try to bring compromise and
you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this...
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464
Sep 26, 2013
09/13
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KNTV
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eye 464
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that's why nobody messes with this and they always end up raising the debt ceiling, whether they want to or not. most americans don't support doing that and the president won't talk about any kind of negotiation raising the debt ceiling because congress paying its bills that they appropriated. house republicans, especially the leadership think it's a more palatable fund that we're not going to defund obama care, but can we delay it? why not delay more of it. my big question, what does that get you in the end? what is the real end game here? the law is still the law and upheld by the supreme court and it's going to have its effects positive and negative as we move forward over the next few years sglp david gregory, much more on "meet the press." thank you for that. we should let everybody know we should be focusing more on this new health care law. its impact on you all next week across the platforms of nbc news. >>> we also have new details this morning on last week's deadly shooting at that navy yard in washington, d.c. surveillance video is now emerged showing the gunman inside the
that's why nobody messes with this and they always end up raising the debt ceiling, whether they want to or not. most americans don't support doing that and the president won't talk about any kind of negotiation raising the debt ceiling because congress paying its bills that they appropriated. house republicans, especially the leadership think it's a more palatable fund that we're not going to defund obama care, but can we delay it? why not delay more of it. my big question, what does that get...
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Sep 24, 2013
09/13
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guest: we are going to hit the debt ceiling in the middle of october. we will run out of money to pay our bills because we will not have the official permission to borrow any more money. sometime between mid-october and he end of october. at that point, if we were to stop paying our bills, that would be a government default. it is unprecedented to imagine that something like that would happen in the united states. we have seen that in other countries around the world like eveloping nations that are not on their own currency but that is different. this would be self-imposed, self-imposed default, which would send ripples through the lobal economic system. the fact that we are doing that because small groups are saying we might not be willing to pass the debt ceiling increase is dangerous. i will say that when we come up against the debt ceiling in the middle of october, it is a speed hump that reminds us that we are orrowing too much. that is absolutely true. we are are winning more than $2 billion per day at our at that levels that are the highest they
guest: we are going to hit the debt ceiling in the middle of october. we will run out of money to pay our bills because we will not have the official permission to borrow any more money. sometime between mid-october and he end of october. at that point, if we were to stop paying our bills, that would be a government default. it is unprecedented to imagine that something like that would happen in the united states. we have seen that in other countries around the world like eveloping nations that...
967
967
Jan 23, 2013
01/13
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. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both hou
. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's...
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334
Sep 26, 2013
09/13
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WRC
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eye 334
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that whether or not they will raise the debt ceiling. there that may try to delay the obamacare. >> me ask you about that the raeshry says we will raise the debt limit s. that a real crisis point? >> i think it's a crisis point we know the economic shock the world and certainly the u.s. economy would feel if they were to take that step. that's why nobody messes with this and they raise the ceiling. most americans don't support doing that. the president says he wouldn't even talk about any negotiation over raising the debt ceiling because this congress paying, it feels like they've already appropriatated. here again, house republican, the leadership think it's a more palatable fight. can we delay it? why not delay more of it? my big question, what does that get you in the end? what's the real end game here? the law is still the law. it's been upheld by the supreme court. it's going to have its effect positive and negative as we move forward over the next few years. >> david gregory, much more on "meet the press." we will be focusing a lot
that whether or not they will raise the debt ceiling. there that may try to delay the obamacare. >> me ask you about that the raeshry says we will raise the debt limit s. that a real crisis point? >> i think it's a crisis point we know the economic shock the world and certainly the u.s. economy would feel if they were to take that step. that's why nobody messes with this and they raise the ceiling. most americans don't support doing that. the president says he wouldn't even talk...
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Jul 30, 2013
07/13
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what would be the consequences of not raising the debt ceiling? >> on the dates, treasury has said after labor day. it is hard to pinpoint the date at this point. when i was at treasury, i worked on looking at the forecast for when we would run out of funds under emergency measures. we have already passed the debt ceiling and are into emergency measures. in themselves, they are risky. the deeper you go into emergency measures, the more it puts the recovery at risk. the idea of reaching the debt limit is unthinkable. i was thinking about the sci fi movie you probably saw, "sharknado." i think if we crossed the debt limit, it would be worse for the financial sector. [laughter] >> how is that? >> to be blunt, our entire financial infrastructure depends on treasurys. the idea the government would be picking and choosing which bills to pay, the idea that is being contemplated by some members of congress is unhealthy for the united states economy. >> one of the biggest decisions this president is going to make this year is through the next fed chairman
what would be the consequences of not raising the debt ceiling? >> on the dates, treasury has said after labor day. it is hard to pinpoint the date at this point. when i was at treasury, i worked on looking at the forecast for when we would run out of funds under emergency measures. we have already passed the debt ceiling and are into emergency measures. in themselves, they are risky. the deeper you go into emergency measures, the more it puts the recovery at risk. the idea of reaching...